FTSE at two-week low as banks and Reckitt fall April 14, 2011 The FTSE returned to a downward path today to close at a two-week low after household goods giant Reckitt Benckiser broke the news that its chief executive had unexpectedly stepped down. The FTSE 100 lost 46.6 points or 0.8 per cent to close at 5,963.80 as banks and miners also suffered, with fears over Asian [...]
FTSE at two-week low as banks and Reckitt fall April 14, 2011 The FTSE returned to a downward path today to close at a two-week low after household goods giant Reckitt Benckiser broke the news that its chief executive had unexpectedly stepped down. The FTSE 100 lost 46.6 points or 0.8 per cent to close at 5,963.80 as banks and miners also suffered, with fears over Asian [...]
Spending Review Reaction October 20, 2010 THE GILTS EXPERT Killik & Co provides advisory services to private investors of all sizes. It offers advice on a wide range of financial matters, including CFDs, equities, fixed income markets and funds of funds INVESTMENT STRATEGIST PATRICK GORDON “The gilts market reaction has been fairly muted to the spending review although we did see [...]
Eurozone remains confident January 27, 2011 OVERALL economic morale across the Eurozone fell slightly this month, yet remains well above its long term average, official data revealed yesterday. The EU’s economic sentiment indicator (ESI) came in at 106.5, after a revised 106.6 in December. The minor slip came after seven straight months of improvement in the index, and surprised economists in [...]
Shoppers fear for economy August 10, 2010 CONSUMER confidence has fallen to the lowest level since May 2009, amid rising everyday costs and jitters about the health of the economy. Nationwide’s confidence index fell seven points to 56 today, the third consecutive monthly drop. The number of households who believe their income will be lower in six months’ time is at the [...]
Lookers on the up in profit surge August 18, 2010 CAR dealer Lookers yesterday reported a “record trading performance” as profit surged by a third. First-half pre-tax profit was £22.7m – 29 per cent up on the £17.6m it made in the same period a year earlier. Sales were £988.3m, compared with £870.4m. New car sales increased by a quarter despite fears over consumer confidence [...]
THE TIPSTER September 21, 2010 FOLLOWING yesterday’s successful bond auctions in Greece, Spain and Ireland, fears have – at least for now – subsided and the euro enjoyed an early rally. It met resistance at $1.3150 and if this price is breached the recent downward trend may be reversed. Cantor Index offers daily rolling euro-dollar at $1.31367–$1.31377. Likewise, the break [...]
Consumer confidence wanes as economic worries remain November 29, 2009 CONSUMER confidence dipped slightly in November – the first time in over a year that the index has fallen – after recording the highest level of consumer confidence in a year and a half only last month, GfK NOP will today report. Four out of five measures of consumer confidence experienced a marked downturn: confidence [...]
Redrow calls for state help on mortgages September 9, 2010 THE head of housebuilder Redrow called on the government to take action over the sickly first-time buyer market in a bid to revive overall sales, after reporting better-than-expected annual results. Steve Morgan, the founder of Redrow who returned in a boardroom coup last year, described state intervention as a “no-brainer” due to low mortgage availability [...]
High Street cheers after World Cup fillip July 22, 2010 WARM weather and the World Cup encouraged Britons back to the high street last month, boosting retail sales volumes by 0.7 per cent in June, official data showed yesterday. The Office for National Statistics (ONS) also revised up the May increase to 0.8 per cent. Consequently, retail sales volumes rose 1.7 per cent in the [...]